Accenture Song buys a Stagwell agency for $245 million
Accenture Song has acquired Concentric Life, a healthcare marketing agency, from Stagwell for $245 million, Stagwell announced. The agency currently has more than 270 employees and counts clients in the biopharma space as well.
“This disposition is consistent with our strategy of organizing our portfolio to focus on core digital services, including AI-based digital transformation; strengthening our balance sheet; and investing in our future,” Stagwell Chairman and CEO Mark Penn said in a statement.
This is the latest in a recent string of acquisitions for Song, which recently acquired commerce agency The Stable, brand and experience agency Romp and consumer insights business Fiftyfive5. Earlier this month, Stagwell announced its acquisition of agency Left Field Labs.
T-Mobile signs with CAA
The "Un-carrier" has a new sports and entertainment agency of record. The telecom company has named CAA Brand Consulting to handle partnership activations, talent activations and more.
“Sports and entertainment sponsorships play a big part in how we bring the Un-carrier story to life for consumers–and as T-Mobile has evolved, so has our sponsorship portfolio. We recently reviewed agency relationships to ensure we’re continuing to leverage unique sponsorship activations to break through as a brand,” said Mike Belcher senior VP business development and partnerships at T-Mobile.
T-Mobile previously worked with Acceleration—which remains on the roster—along with 160/90 and Genesco Sports Enterprises. "We'd especially like to thank the incredible teams at 160/90 and Genesco Sports Enterprises for their partnership over the years and the major roles they played in T-Mobile evolving to where it stands today," the company said in a statement.
Canadian Centre for Child Protection PSA warns of online predators
Parents will do anything to keep their children safe, but with the fast-paced growth of technology, keeping up can be difficult. A new PSA from the Canadian Centre for Child Protection (C3P) warns parents about online dangers to children.
According to the organization, reports of online sexual luring of Canadian kids skyrocketed 815% in five years. With October as Cybersecurity Awareness Month, C3P teamed up with No Fixed Address for “The Horse,” a campaign to remind parents of the pervasive threats to children with unfettered access to smart devices. The campaign was designed to mobilize parents to demand legislative change by educating them about digital sexual predators.